MedCity News March 22, 2021
Alignment Healthcare, an insurtech startup, has launched its IPO and plans to price its individual shares between $17 and $19. The company offers Medicare Advantage plans and says it uses predictive analytics technology to pinpoint seniors’ care needs.
Insurtech startup Alignment Healthcare has launched its much-anticipated IPO, through which it aims to raise between $462 million and $516 million.
The Orange, California-based startup — which offers Medicare Advantage plans — is planning to sell 27.2 million shares of its common stock, including 5.5 million shares to be offered by existing stockholders. The IPO price is expected to be between $17 and $19 per share, according to the information contained in a March 18 Securities and Exchange Commission filing.
Alignment expects...
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